Calvary Health Care makes $278m bid for Japara
Japara Healthcare on Friday said it had received a $1.04-a-share offer from not-for-profit Calvary Health Care to acquire all the shares of the owner, operator and developer of aged care homes under a scheme of arrangement.
Japara, said the non-binding proposal by Calvary, which puts a $277.9 million value on the company, assumed no further dividends, distributions or reductions in capital and was subject to conditions include a unanimous recommendation by the Japara board.
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